Greyston Bakery, Inc.

Baked Goods

About Greyston Bakery

A storied social enterprise, Greyston Bakery has been baking gourmet brownies, cookies, and good will just north of New York City since 1982. The $10 million for-profit bakery is most famous for its long-standing status as Ben & Jerry's brownie supplier and for having an open-hiring policy that provides the people of Yonkers, NY with employment opportunity regardless of work history. Committed to a Triple Bottom Line, Greyston Bakery continues to be a pioneer in the world of social enterprise.

Through their Open Hiring policy, Greyston Bakery hires men and women who have little or no credentialed work experience, many of whom have histories of homelessness, incarceration, substance abuse, welfare dependence, domestic violence or illiteracy. All of its profits go to the Greyston Foundation, which operates several intensive self-sufficiency programs in Yonkers, NY, including affordable housing and support services for the formerly homeless, low-income working families; children and youth services including childcare; a technology learning center; health and social services including housing for individuals living with HIV/AIDS; and a community gardens project. Greyston's 130 staff serves almost 5,000 individuals annually.

We became a B Corp to engage in the discussion about values-led business and to formally join the movement for a new way of doing business.

The Change We Seek®

Greyston Bakery is based on a Triple Bottom Line with the dual objectives of job creation & personal development for local residents, financial support for the Greyston Foundation, and mitigation of environmental impact.

Greyston Bakery is the nationally leading "Brownie Company". They have had a partnership with Ben & Jerry’s for over 25 years and produce treats for Whole Foods markets nationwide. A percentage of profits from the Bakery’s cookies go to the Whole Planet Foundation.

Greyston Bakery is a leading model for social enterprise building a coalition with employees, community and shareholders. We properly compensate our employees: fair/living wage, health benefits, and direct participation in the profitability of the company. We train, promote from within, and mentor our employees, who we source from the local community.

What makes us a better company?

B Impact Report

Certified since:

June 2008

Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

15

7

Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

15

18

Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

N/A

N/A

Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

96

17

Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.